The OECD must urgently create “coordinated transitional solutions” for the upcoming global minimum tax filing deadline to counter jurisdictions’ lagging implementation and unresolved technical issues, a leading business lobby said.
Business at OECD, known as BIAC, called on the organization to introduce guidance that would allow for a coordinated extension or deferral of local filing deadlines for returns, and a clear “soft landing” approach that would remove any penalties in the first year of filing, in a letter seen by Bloomberg Tax.
Read Bloomberg's article here: https://news.bloombergtax.com/daily-tax-report-international/oecd-business-lobby-calls-for-urgent-minimum-tax-filing-changes